Wednesday, November 16, 2011

BHP Billiton Makes the Case for Shale

BHP Billiton, the Australian company that acquired Petrohawk a few months ago, released an investor document earlier this week that makes a very articulate case for shale gas.  The presentation (see pages 7 to 27) gives an excellent graphical overview of the technology behind shale and proceeds to talk about what scares people abut hydraulic fracturing.  It ends by making a compelling argument for shale gas in North America.  If you are at all foggy about the process, it's a very illuminating and relatively quick read.

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